Acts & Law Cases
Ethical companies with global supply chains will adhere to their code of ethics as well as these in both the US and host country.
laws
Globalization is evidence that business is culturally neutral.
list 2 things that influence ethics
time
geography
religion
culture
when a person says that there are just 2 choices when there are actually more
either/or
occurs when you try to convince people that something is true because it is widely held to be true.
Bandwagon
The outcome of this 1919 court case was that businesses had to operate in the interests of their shareholders as opposed to their employees and managers, which meant prioritizing profit and return on investment.
Dodge v. Ford Motor Co.
All ethical standards are relative and should be treated as such.
False. Certain core ethics exist throughout cultures and time, although they may manifest in different ways.
list 1 of the 2 purposes of businesses
responsibility
profit
occurs when people use the ideas of non-experts to support their arguments
appeal to doubtful authority
to present a weak arguement that can easily be refuted so that your argument looks better by contrast
straw man
The outcome of this 1968 court case was that boards of directors and management were given more latitude in determining how to balance the interests of stakeholders.
Shlensky v. Wrigley
The United Nations Global Compact is a set of standards that is binding worldwide.
False. It is a voluntary set of standards; it is not legally binding on countries or corporations.
list 1 of the 2 groups that have helped to change ethics over time
government (laws & regulations)
consumers (trends & activism)
because two events occur closely in time, one event must cause the other
post hoc
when 2 things are portrayed as alike when actually they are not
weak analogy
The outcome of this 2014 case was that for-profit corporations are not required to pursue profit at the expense of everything else.
Burwell v. Hobby Lobby
Religion continues to be a forceful influence on ethical standards.
True.
diminishing marginal utility
occurs when someone attacks the character or motives of a person instead of focusing on the issues
ad hominem
when a person raises an irrelevant side issue to divert attention from the real issue
red herring
In response to the 2008 financial crisis, this act increased regulations and management vigilance in the form of ethics training, compliance reporting, whistleblower programs, and audits.
Dodd–Frank Wall Street Reform and Consumer Protection Act
Culture and ethics cannot be separated, because ethical norms have been established over time by, and make sense to, people who share the same background, language, and customs.
True
Its mission of these voluntary standards is to mobilize companies and stakeholders to create a world in which businesses align their strategies and operations with a set of core principles covering human rights, labor, the environment, and anti-corruption practices.
United Nations (UN) Global Compact
when a conclusion does not follow from the premises
non-sequitur
when someone reaches a conclusion that is based on too little evidence
hasty generalization